Okwu Ikuku 1219 Halsey Street, Bushwick, Brooklyn, NY 11237
Ụlọ Multifamily 8-Unit Na-achọ $1,089,000

Corcoran ewerewo ya ka ọ bụrụ onye na-ere ma na-ere 1219 Halsey Street - ụlọ multifamily 8-unit nke zuru ezu, nke na-emepụta ego, nọchiri n'etiti Bushwick, Brooklyn. E wuru ya na 1906, ụlọ a dị ịtụnanya nke nwere otu ìgwè anọ na-arụ ọrụ, na-enye onye na-etinye ego njikọta pụrụ iche nke mmepụta ego ozugbo na ohere dị mkpa maka ịrị elu n'ọdịnihu.

Properties
Ụlọ ahụ nwere ebe anọ nke 2-bedrooms, 1-bathroom kiểu ụlọ okporo ụzọ, ọ bụla na-esote 861 square feet, na-enye ọhụ ọhụụ nke na-acha ọcha emepe na-anụ ọkụ n'ugwu n’izu. Ụlọ ahụ nọ na 26.42 100 ft lot, a na-ejikwa R6, na-eburu Tax Class 2B.

Improvements
A mechara ọtụtụ mmezi nke nnukwu ego, na-eme ka akụ a nwee oghere zuru oke maka onye nwe ọ bụla na-abịa. Ncheta gụnyere usoro nke panel eletrik nke zuru ezu nke nwere circuit breakers ruru na gbogbo ígwè anọ, ọhụtụ mmezigharịa nke ọnụego, kwa, na mmezi nke kichin na ụlọ ịsa ahụ n'ofịs niile, na mgbanwe site na mmanụ gaa na gas - mmezi nke na-emetụta arụmọrụ nke ukwuu na-ebelata ụgwọ na mmezi n’otu oge.

Ego & Ọrụ Ego
Ụfọdụ ndị n’azụ ụlọ asatọ niile bịara n’akụkụ oge, na-emepụta $10,015 n'ọnwa na $120,180 na ụgwọ àkwà niile. Ọnụ ahịa ego kwa afọ dị ka ndị a:
Ụgwọ ụkwụ n’ụlọ: $14,205 Ọkụ: $10,290 Nchedo: $10,403 Gas / ịsa ọkụ: $6,800 Ọkụ akụkụ ọha: $1,584
Total expenses: $43,282
Nke a na-emepụta usoro Net Operating Income nke $76,898, ọnụego cap nke 7.06%, na Gross Rent Multiplier nke 9.06x - ọnụahịa dị ịtụnanya maka akụ Brooklyn multifamily zụrụ na nke a.

Ekwesịrị ịma: Ụlọ a na-arụ ọrụ ugbu a na ụgwọ ọkụ na-enweghị ngwugwu, na-enye ohere ozugbo maka onye nwe ozo ka ọ gbanwee na ụgwọ na-apụrụ iche ma belata ego ọrụ.

Ebe a
Nchekwa ogologo ụzọ nke Halsey Street J/Z subway na Irving Square Park, 1219 Halsey Street na-anata njikọ njem pụrụ iche na ohere ozugbo na mpaghara nri, ahịa, na ndụ abalị na Knickerbocker Avenue. Bushwick ka na-anọ nke ọma n'ime mpaghara Brooklyn nke na-agbanwe agbanwe na na-amaara nke ọma, na-adọta otu ụmụaka na ndị bi ogologo oge - na-eduga na ọchụchọ ụlọ ma na-eme ka uru akụ dịruo ogologo oge.

Okwu ahụ
Na enweghị ndọrọ ndọta, ọchịchị ndabara, ụlọ ruru na modernized physical plant, na akụ dị ezigbo mkpa, 1219 Halsey Street na-anọchite anya otu onyinye nke dabara adaba maka onye na-etinye ego na-achọ akụ na-emepụta ego na obere mmezi na otu n'ime submarkets Brooklyn kachasị atụmanya. Ụlọ ndị a nke àgwà, na nke a cap rate, na nke a ọnụahịa, adịghị elekọta.

Investment Opportunity 1219 Halsey Street, Bushwick, Brooklyn, NY 11237
8-Unit Multifamily Building Asking $1,089,000

Corcoran has been exclusively retained to market and sell 1219 Halsey Street - a fully occupied, income-producing 8-unit multifamily building situated in the heart of Bushwick, Brooklyn. Originally constructed in 1906, this classic four-story masonry walk-up is a study in both enduring character and modern operational efficiency, offering an investor a rare combination of immediate cash flow and meaningful long-term upside.

The Property
The building features eight spacious 2-bedroom, 1-bathroom railroad-style apartments, each averaging 861 square feet, with a desirable southeast-facing exposure that fills every unit with natural light throughout the day. The building sits on a 26.42 100 ft lot, is zoned R6, and carries a Tax Class 2B designation.

Capital Improvements
Significant capital improvements have been completed, positioning this asset as truly turnkey for its next owner. Upgrades include a full electrical panel modernization with circuit breakers routed to all four floors, updated individual meters, renovated kitchens and bathrooms throughout, and a conversion from oil to gas heating - a meaningful operational improvement that substantially reduces ongoing costs and long-term maintenance exposure.

Income & Financial Performance
All eight tenants are current with zero arrears, generating $10,015 per month and $120,180 in gross annual rent. Annual operating expenses break down as follows:
Real estate taxes: $14,205 Water: $10,290 Insurance: $10,403 Gas / heating: $6,800 Common area electric: $1,584 Total expenses: $43,282 This yields an estimated Net Operating Income of $76,898, a cap rate of approximately 7.06%, and a Gross Rent Multiplier of 9.06x - compelling metrics for a stabilized Brooklyn multifamily asset at this price point.
Worth noting: the building currently operates on flat-fee water billing, presenting an immediate opportunity for a new owner to transition to metered billing and further reduce operating expenses.


Location
Situated steps from the Halsey Street J/Z subway station and Irving Square Park, 1219 Halsey Street benefits from exceptional transit connectivity and immediate access to the vibrant dining, retail, and nightlife corridor along Knickerbocker Avenue. Bushwick continues to be one of Brooklyn's most dynamic and actively appreciating neighborhoods, drawing a growing base of young professionals and long-term residents alike - underpinning both rental demand and asset value for years to come.

The Opportunity
With zero arrears, a stabilized tenancy, a modernized physical plant, and strong in-place cash flow, 1219 Halsey Street represents an ideal acquisition for an investor seeking a low-maintenance, income-producing asset in one of Brooklyn's most compelling submarkets. Properties of this quality, at this cap rate, at this price point, do not last.